SYDNEY, Nov 25 (Reuters) - The Australian competition regulator has deferred a decision on the estimated $6 billion privatisation of electricity assets in New South Wales after the state said it was analysing bids further.
The Australian Competition and Consumer Commission (ACCC) made the announcement in a filing on its web site.
(Reporting by Narayanan Somasundaram; Editing by Ed Davies)
((narayanan.somasundaram@thomsonreuters.com; +61 29373 1815; Reuters Messaging narayanan.somasundaram.reuters.com@reuters.net))
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Keywords: AUSTRALIA ELECTRICITY/
* Regulator ruling crucial for AGL Energy, Origin Energy to participate
* ACCC to set new date after it gets more data from NSW
(Adds details)
SYDNEY, Nov 25 (Reuters) - The Australian competition regulator has deferred a decision on the estimated $6 billion privatisation of electricity assets in New South Wales after the state said it was analysing bids further.
The Australian Competition and Consumer Commission (ACCC), in in a filing on its web site said it will set a new date when it receives more information from the government.
The ACCC ruling is crucial for the the asset sale as it will determine whether big players such as AGL Energy and Origin Energy are eligible to participate.
The process has also faced other obstacles including a legal injunction, while analysts say the window for an IPO has shut and more hurdles could put off bidders.
Sources familiar with the process have said previously that other firms looking at the assets included New Zealand's Infratil , Hong Kong's CLP Holdings, Britain's International Power Plc and France's GDF Suez.
Firms from China included utilities Huaneng Power, Huadian Power, Guodian Corp and coal producer Shenhua Energy, they said.
(Reporting by Narayanan Somasundaram; Editing by Ed Davies)
((narayanan.somasundaram@thomsonreuters.com; +61 29373 1815; Reuters Messaging narayanan.somasundaram.reuters.com@reuters.net)) Keywords: AUSTRALIA ELECTRICITY/ (If you have a query or comment on this story, send an email to newsfeedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The Australian Competition and Consumer Commission (ACCC) made the announcement in a filing on its web site.
(Reporting by Narayanan Somasundaram; Editing by Ed Davies)
((narayanan.somasundaram@thomsonreuters.com; +61 29373 1815; Reuters Messaging narayanan.somasundaram.reuters.com@reuters.net))
((If you have a query or comment on this story, send an email to
newsfeedback.asia@thomsonreuters.com))
Keywords: AUSTRALIA ELECTRICITY/
* Regulator ruling crucial for AGL Energy, Origin Energy to participate
* ACCC to set new date after it gets more data from NSW
(Adds details)
SYDNEY, Nov 25 (Reuters) - The Australian competition regulator has deferred a decision on the estimated $6 billion privatisation of electricity assets in New South Wales after the state said it was analysing bids further.
The Australian Competition and Consumer Commission (ACCC), in in a filing on its web site said it will set a new date when it receives more information from the government.
The ACCC ruling is crucial for the the asset sale as it will determine whether big players such as AGL Energy and Origin Energy are eligible to participate.
The process has also faced other obstacles including a legal injunction, while analysts say the window for an IPO has shut and more hurdles could put off bidders.
Sources familiar with the process have said previously that other firms looking at the assets included New Zealand's Infratil , Hong Kong's CLP Holdings, Britain's International Power Plc and France's GDF Suez.
Firms from China included utilities Huaneng Power, Huadian Power, Guodian Corp and coal producer Shenhua Energy, they said.
(Reporting by Narayanan Somasundaram; Editing by Ed Davies)
((narayanan.somasundaram@thomsonreuters.com; +61 29373 1815; Reuters Messaging narayanan.somasundaram.reuters.com@reuters.net)) Keywords: AUSTRALIA ELECTRICITY/ (If you have a query or comment on this story, send an email to newsfeedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.